Shifting Consumer Preferences to Provide a Combined Push to Automotive Transmission System Market Growth

Posted on 2019-02-14 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Feb-14 — /EPR Network/ —Fact.MR in its report on the global automotive transmission system market reveals that Asia Pacific (excluding Japan), which is currently the top ranking regional space for automotive transmission system, will remain the largest automotive transmission system production hub throughout the assessment period 2017-2022. With an already massive share in the global automotive manufacturing industry, APEJ will continue to encourage outsourcing of automotive transmission system production predominantly owing to the low price point of raw materials and labor – creating to the favorable production cost scenario for manufacturers. Towards the end of 2022, FACT.MR expects the global automotive transmission system market to exceed the value worth US$ 40 Bn, of which over 35% share is presumed to be held by APEJ automotive transmission system market.

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While the development and implementation of regulatory frameworks revolves around optimum fuel efficiency and emission control, Fact.MR anticipates the global market for automotive transmission system to gather promising pace in the near future. A recent publication by Fact.MR forecasts 5% CAGR for the automotive transmission system market over 2017-2022, driving the revenue in excess of US$ 40 Bn by 2022 end.

Uncontested dominance of passenger vehicles over LCVs, HCVs, and other commercial vehicle types in terms of revenue is presumed to account for over 65% share of the total value represented by the global automotive transmission system market towards to end of forecast period.

Research has confirmed time and again that the type of automotive transmission system implemented in a vehicle is imperative in shaping its fuel efficiency. Also, it has been proven that automated automotive transmission system and dual clutch automotive transmission system exhibit higher efficiency over the manual variant of automotive transmission system – in terms of gearshift comfort and reduced energy loss.

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Driven by incessantly worsening traffic congestion issue in urban areas, consistently boosting consumer preference for the more convenient and flexible automotive transmission systems such as automatic, automated, dual clutch, and continuously variable – is extending strong support to these research findings. The global market for automotive transmission system will thus witness steadily thriving demand for automatic automotive transmission system; however, the revenue generation through manual automotive transmission system sales will continue to represent the maximum share in the global market for automotive transmission system through 2022.

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In the wake of escalating demand for high speed automotive transmission system, several leading manufacturers in the global automotive transmission system landscape are investing in R&D of new technological models. Fact.MR provides exhaustive insights on the competitive landscape of the global automotive transmission system market that includes the key company profiles, their market shares, brand positions at a global level, and recent developmental strategies. Some of the companies covered in the automotive transmission system market report are Aisin Seiki Co., Ltd., Renault SA, Continental AG, Magna International Inc., Eaton Corporation PLC, and Hyundai Motor Company.

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